香蕉福利直播

Executive summary

We welcome the Phase 1 proposals set out in the PRA’s consultation, which we think successfully build on DP1/23: Review of the Senior Managers and Certification Regime. We note the PRA’s intent to undertake a Phase 2 consultation following on from any additional flexibility that might arise from HMT’s current consultation, in particular on legislative change that would allow a reduction in the number of senior manager determinations made by regulators and the removal of the certification regime.

The one exception to this is the PRA choosing to adopt a different position to the FCA by not  considering a reduction in the time for regulatory references from 6 weeks to 4 weeks.

Read the full response